The EIA now sees US crude oil production averaging 12.4 million bpd this year and 13.2 million bpd next year.

China and Iran along with Russia and the US would be the top natural gas suppliers in 2040.

The sanctions block all payments to PDVSA accounts.

The West has sought for decades to secure oil resources for its own energy security.

Five rounds of crude sale have so far been taken place at the energy exchange.

Part of the project includes a third agreement with Zhejiang Energy to invest in a retail fuel network.

65 percent of equipment in Bandar Abbas Oil Refinery was provided in the country.

Prices will drop in the coming months as demand softens.

The IAEA new report is once again a strong reason on Iran’s commitment.

Iranian scientists managed to produce Oxygen-18 at a west-central nuclear research reactor.